Reddit authorized a $1 billion share repurchase program. The initiative follows a 40% decline in the company's stock price over the past 30 days. This move signals a significant shift in Reddit's capital allocation strategy.
The company will stop reporting separate logged-in and logged-out user metrics starting in 2026. Management cited platform changes as the primary reason for this reporting adjustment.
Reddit shares closed at $151.05 on February 5, 2026, following a 1.07% daily loss. The stock rose 4.60% to $158.00 in after-hours trading despite broader technology sector weakness. Wall Street analysts maintain price targets for the stock near $252.